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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$374,900
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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Lot Size
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Building Size
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Premise Summary
Introducing an unparalleled investment opportunity in the heart of Hamilton Street, Goderich! This expansive commercial block building spans over 1300 sq/ft, offering boundless potential for diverse business ventures. Currently leased and thriving as a seasonal restaurant,. Included in this package is a charming 875 sq/ft single-story Historic building, with approved plans for tear down and rebuild. Whether you opt for renovation or a fresh start, the possibilities are endless. Don't let this golden opportunity slip away - seize it now and unleash your entrepreneurial. vision! Easy to show, DO NOT ENTER Historic Property on site. The Town of Goderich Heritage approval letter available - Buyers to perform their own due diligence with regards to future use and build possibilities. All potential Buyers should be advised that an upper level deck on the neighboring property to the west is attached to the restaurant building and therefore. **** EXTRAS **** They may want to speak to the Town as to future renovation restrictions (id:39198)
Location
Province
Ontario
City
Goderich
Address
75 Hamilton St
Postal Code
N7A1R1
Location Highlights
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Listed by
ROYAL LEPAGE SIGNATURE REALTY Ontario listing
Category
Property Information
Premise Status
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With Accommodation
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Tenancy
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Lot Size
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Available Space
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Building Size
1,389
Year Built
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Years Remaining in Current Lease Term
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Renewal Options
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Operational Information
Number of Working Owners
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Current Owner - years
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FF & E
Furniture, Fixtures & Equipment that remain with the business.
Not Included
Inventory Value - approximate
Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.
Not Included
Franchise
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Financial Information
Yearly Rate
$374,900
Asking Price
$374,900
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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NOI
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
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Gross Revenue- annual
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Cash Flow - annual
1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
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EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
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Premises Size (square feet)
1,389
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
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